It was beautiful, deep, concrete lined, lots of fish, big circulation pump, leaf strainer etc and it was a lot of work and studying a variety of stuff.

However, just before the tenant moved into the property our PM discovered the brand new water heater we just installed had been stolen (there is outside access to the utility room and even though there is a metal security door they had ripped it off).

Here's a list of what we ask for in our LOIs and contracts:Operating financial statements for the property, including income statements, expense statements, capital expenditures, for the last two years of operation and year-to-date financial statements for 2020.Prior two (2) years tax returns and addendums for the Property.Current tenant leases, tenant correspondence, tenant credit information, tenant security deposit register, and delinquency report.Onsite staff payroll records to include salary, bonuses, payroll taxes, benefits, etc.Monthly owner statements and rent rolls for the past 12 months.Contracts, service agreements, and files pertaining to the property.List of maintenance all maintenance requests (complete and incomplete) for the last two years of operations.Real estate tax billings and assessments and other correspondence pertaining to real estate tax calculations at the property.Copy of Insurance Policy and claims documentation (loss runs).List of capital improvements and any and all necessary related documentation and warranties.All existing warranties and guarantees from architects, contractors, and material and equipment suppliers, all of which would be assigned to Purchase.Any existing environmental Phase I/II reports, engineering reports, soil, mold, radon, asbestos, hazardous substance, termite, or other tests, studies, or reports.Any existing appraisals.Itemized inventory of all personal property.Twelve (12) months of utility, water and sewer bills.Twelve (12) months of bank statements.Verification of additional income from operations including but not limited to application, pet, late, and other fees, etc.Copies of title policies, title reports, land surveys, site plans, deeds, or any architectural plans for the property.History of or pending litigation against the Property, its owners, or its managers related to the Property or the operation thereof.Such additional information, documentation, or access as Purchaser shall require

Before you offer, study the financials of the hoa.

I’ve started digging through county/public records to discover potential wholesale leads (pre-foreclosure data, etc).

Any time two or more fixtures are being used at the same time the water in one becomes non existence immediately.Each side of the duplex has its own full bathroom, water heater and kitchen sink.The duplex is on a concrete slab.I cannot find the shutoff valve (except for the city shutoff valve) or the prv (I'm assuming there's not one).The water supply line is 3/4 and cutting a hole in the wall I discovered the lines feeding the fixtures are 1/2.City has came out everything is good on their end and they place a pressure gauge on external tap and said its lowI checked faucet aeratorsthe 3/4 main supply is cpvc and everything else is copperThe water bill is not high so I assume there are no leaksA plumber is suggest converting the lines that are 1/2 to 3/4 until it gets to the fixture.

My buddy and I have been studying up on all things RE recently and want to develop some hard skills when it comes to the BRRRR strategy.

The 2020 BiggerPockets Insights Market Study examines the 552 largest markets in the United States to help investors of all types and experience levels understand how various locales across the U.S. compare to one another.Over the next few months, we’ll be releasing more BPInsights studies similar to this one for mid-sized and small markets.

I started studying real estate investing probably 20+ years ago and just never had the courage to try any of it.

But now that I actually have properties it hits on another level.I also started studying private money, SDIRA, hard money, and 401k money funding deals.Right now I have 3 rentals (all SFH ).